National Commerce Corp. (NCOM) Stock Rating Lowered by Zacks Investment Research

National Commerce Corp. (NASDAQ:NCOM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “National Commerce Corporation is a bank holding company. It offers services which include demand deposits, interest-bearing transaction accounts, money market accounts, savings deposits, certificates of deposit, commercial real estate term loans, residential mortgage loans, construction and land development loans, home equity lines of credit secured by residential property; commercial and industrial loans; consumer loans, factoring, invoicing, collection, accounts receivable management services to transportation companies, automotive parts and service providers. The company operates primarily in Alabama, Huntsville, Auburn-Opelika, Baldwin County and Vero Beach, Florida. National Commerce Corporation is headquartered in Birmingham, Alabama. “

Separately, FIG Partners cut National Commerce Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 1st.

National Commerce Corp. (NASDAQ:NCOM) opened at 27.19 on Tuesday. The company’s 50 day moving average price is $27.14 and its 200-day moving average price is $24.67. The stock has a market capitalization of $295.56 million, a PE ratio of 21.16 and a beta of 1.04. National Commerce Corp. has a one year low of $20.50 and a one year high of $28.74.

National Commerce Corp. (NASDAQ:NCOM) last posted its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. National Commerce Corp. had a return on equity of 6.45% and a net margin of 17.44%. Analysts expect that National Commerce Corp. will post $1.53 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. American International Group Inc. boosted its stake in National Commerce Corp. by 37.8% in the second quarter. American International Group Inc. now owns 4,870 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,335 shares during the period. Nationwide Fund Advisors raised its stake in National Commerce Corp. by 36.6% in the second quarter. Nationwide Fund Advisors now owns 5,417 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,451 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in National Commerce Corp. during the second quarter valued at about $160,000. Oxford Asset Management bought a new stake in National Commerce Corp. during the second quarter valued at about $225,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in National Commerce Corp. during the second quarter valued at about $251,000. Institutional investors own 36.76% of the company’s stock.

About National Commerce Corp.

National Commerce Corporation (NCC) is a financial holding company. The Company is engaged in the business of banking through its banking subsidiary, National Bank of Commerce (the Bank). The Company, through the Bank, provides a range of financial services to businesses, business owners and professionals.

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